The man who oversaw a product recall that led to profits falling 20pc will be kept on after the merger as consultant at £58,300 per month. His contract advising the new chief executive Roger White is due to last for six months.

Details of the payments to the executive teams of A.G. Barr and Britvic, as well as the timetable for the tie-up, were released yesterday in documents accompanying the merger.

The two companies plan to start trading shares in the combined company by the end of January. Shareholder will get to vote on the merger’s terms on January 8.

The companies also revealed they had put the merger to competition authorities by way of an “informal submission” to the Office of Fair Trading. The notification started a 40-day consultation period for the OFT to report back on any findings.

The £1.4bn merger is expected to cost the two companies up to £24m in professional fees, including banking, legal and PR.

The documents also disclosed the new board’s pay deals. These include a salary of £530,000 per year for Roger White, along with an annual bonus of up to 125pc of his salary. Finance director John Gibney will earn £345,000 per year in salary with a bonus of up to 125pc of that sum. Chairman Gerald Corbett will receive an annual fee of £230,000.